Calamos Dynamic Convertible & Income Stock Forecast

Calamos Dynamic Convertible & Income stock price ended at $21.20 on Friday, after gaining 1.19%.
(Updated on Apr 19, 2024)

CCD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calamos Dynamic Convertible & Income stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $21.74. On a fall, the stock will find some support from the short-term average at $21.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Calamos Dynamic Convertible & Income stock

Calamos Dynamic Convertible & Income finds support from accumulated volume at $21.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: $20.07 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (CCD) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Calamos Dynamic Convertible & Income Fund to open at $21.17, and during the day (based on 14 day Average True Range), to move between $20.85 and $21.55, which gives a possible trading interval of +/-$0.354 (+/-1.67%) up or down from last closing price. If Calamos Dynamic Convertible & Income Fund takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.09 (0.52%) than the resistance at $21.39 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Calamos Dynamic Convertible & Income Fund stock A Buy?

Calamos Dynamic Convertible & Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.491 Hold/Accumulate Unchanged

Predicted Opening Price for Calamos Dynamic Convertible & Income Fund of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.